Housing Shortage

We have a housing shortage in New Zealand and according to many experts the way to fix this problem is with Affordable Homes.

In our opinion this is a great start but we also want Quality Homes and great value.


The best value homes start with the Dinsdale Series. Offering a build quality you will be proud of, the Dinsdale Series allows you to own for less by saving on the land component – perfect for investors or first home owners.


Dinsdale Court is an Affordable, modern plan large enough for today’s busy family. Additional space has been applied to create unique and considered environments culminating in the expansive open plan lounge/dining/family and kitchen area – plenty of room for everyone.

Clever Design

Clever design allows us to create extra space which can also be used to add such practical benefits as a separate storeroom, large main bathroom, single car attached garage and a guest bathroom.

Not only Affordable Homes but beautiful homes.

Affordable Homes

We have everything you need to get out of the renting cycle and on to the Property ladder. All you have to do is drop us a line and get started today.

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Contact us today and see how easy it is to have your very own Affordable Home as either an investment or as your very own home.

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Prices Hiked for Affordable Homes

The Government’s much-flaunted affordable home build in Auckland has just become a little less affordable after developers were granted a series of price hikes. The cheapest home now costs $50,000 more after the developers, Hobsonville Land Company, successfully argued that their material and labour costs were too much to bear. It has also emerged that the development company sought even higher prices, but was turned down by the Government. Building and Housing Minister Nick Smith said the Government had been open about the inevitability of increases. But Labour’s housing spokesman, Phil Twyford, said the increase was not fair as Kiwis simply could not save fast enough to get a foot on the property ladder. The new “affordable” homes will now be priced at $450,000, $500,000 and $550,000, the last now in line with the Government’s recently announced...

Auckland housing affordability solutions

The recent residential development summit suggested: • Reform the Resource Management Act to speed up new supply (Nick Smith) I’d agree with this one, go Nick. • Open up more land for development faster (Shamubeel Eaqub) Another good idea, more supply to match the demand. Makes sense. • Make banks hold more capital as a buffer against a downturn (Mr Eaqub) Not sure why this would make housing more affordable. • Remove tax incentives on rental property (Mr Eaqub) I don’t want to say stupid idea but it really is. The Australian government tried this in 1984 and all it did was result in a massive shortage of property and then the government had to increase incentives to get investors back into the market. The tax benefits are not sufficient enough to curb the desire for property as an investment. • Establish new council-owned Auckland Development Agency (Penny Hulse) Not sure about this one. I don’t know enough about how it would work to comment. • Acknowledge and further the work of the council’s Housing Project Office (Nick Smith) Again I don’t know enough about the HPO to comment.   Experts nut out Auckland’s housing crisis solutions – Property – NZ Herald News. On the other side of the coin, the prime minister recently suggested that first home buyers look at Apartments. Kenyon Clarke from DuVal group thinks this is a great strategy as he currently has 151 apartments for sale at the Lake Wood development starting at...

5 tips to beat blues

This is the other article that was referred to in the previous news post. The fading dream of a first home in city – Property – NZ Herald News. In this post I found a few …you will see two that are similar to what I have already said, gems of information. Interestingly enough, I’m not sure if the pun was intended or not, after all the Auckland Blues are a very hard side to beat. 5 tips to beat blues • Look for properties outside the central city and sought-after city fringe areas – particularly in West and South Auckland. • Consider downsizing the quarter-acre dream for a unit or townhouse. • Apartment living can save you money – many inner-city apartments are available for less than $400,000. • Compromise on living in the “right” school zone, which can add tens of thousands to a house price. • Hold off buying until you can raise a bigger deposit, reducing your loan principal – and...

Young Aucklander fails to get onto property ladder

Once again I’m left SMH (shaking my head) as I read the following “A two bedroom unit in Onehunga has sold for $453,000 at auction this afternoon. The 111A Church St unit with modern kitchen, polished floors, deck and freestanding garage was featured in the Herald today as the home young Aucklander Ben Saunders was hoping to buy. The 27-year-old builder had been saving for two years for a $30,000 loan deposit and was hunting in the low to mid $400,000 range. His hopeful entrance into Auckland’s property market was compared to fellow Aucklander Georgina Kupa who saved $3300 for a loan towards her first home in Papakura in 1969.” Young Aucklander fails to get onto property ladder – Property – NZ Herald News. yup, that’s right, they compare unit purchase in Onehunga with a house and land purchase in Papakura in 1969…. what the? It’s these stories that boggle the mind and if you are a youngster trying to get on the property ladder you start to feel like the world is against you, yet in my opinion it’s easier than ever to get on the property ladder these days, the biggest thing to remember though is that now, just as it was in 1969, you must make sacrifices and I’m sure one of those sacrifices Georgina Kupa made was deciding on the location she would live in. I would recommend two possible alternative to buying a unit is Onehunga: 1. Buy a 2 bedroom unit in Manukau – the city is growing fast. 2. Buy a 2 bedroom townhouse in Hamilton – rent it out, the growth...

Property Orphans

Sometimes I just shake my head and sigh. The following statement in a recent article suggests that either things have dramatically changed since I was in my mid 20’s or that the media is really enjoying trying to find some sob stories out there. Before I go on, this is the part of the article I am referring to. Young adults are increasingly becoming “property orphans” by living it up with travel and shopping rather than saving for a deposit on a house, new data shows. The decline in home ownership among Generation Y — aged about 28 and younger — could be due to the Reserve Bank’s loan to value ratio (LVR) restrictions and four successive rises in the official cash rate, which have flowed through to retail interest rates on mortgages, data analytics company Veda says. via NZ’s new breed of ‘property orphans’ – Property – NZ Herald News. Now what I shake my head about is that, not only in all the years of running a mortgage broking business and all the years of running my financial planning practices but also just in living and hanging out with my friends, people in the age bracket up to age 28 didn’t generally go out and buy homes….they were too busy partying and it wasn’t until late 20’s and early thirties that they sat down and really started looking at buying property. Sure there are the people like myself who got into real estate early (22 for me and 19 for one of my clients) but the majority of clients I saw over the years were aged 35...

Ten Thousand New Homes

Great News if they can accomplish it but some fundamental aspects of property developing are being missed. Labour’s housing spokesman Phil Twyford said KiwiBuild would deliver the equivalent of a Hobsonville $485,000 two-bedroom terrace home for $360,000 by forgoing the developer’s margin on the land cost ? saving $36,000 and a further $89,000 would be saved by using off-site manufacturing, bulk buying building materials and reducing builders’ margin through high-volume tendering. The process would drop the build cost from $3389 per square metre to $2400, Mr Twyford said. “When you’re building at scale – when you’re building 10,000 houses a year, you can do deals that drive down the cost of building materials. “Currently, Kiwis pay 30 per cent more than Australians do for the same building materials so we know that we can really push down the cost of building materials. “Also, in some cases with KiwiBuild the Government will be the developer, that’s how we’ll get better control over land costs and for the units we’re talking about today, we think we can knock 20 per cent off the cost of the land.” “The other way we can really drive the cost down is through off-site manufacturing and by the scale of KiwiBuild we can tender that work out to companies that can really crank up their capacity, build factories [and] make better quality houses at a much more cost-effective price. “There are several companies in New Zealand who are already doing this who are itching to crank up capacity. “The Germans do it, the Scandinavians do it, the Americans do it, it’s actually time that we...

House prices soar as rents stall

Interesting article…  House prices soar as rents stall  It is the great conundrum of New Zealand’s investment scene and the great mystery of the Auckland economy. Why has the median house price risen 25 per cent in Auckland in the past two years to more than $620,000, yet the median rent for a three-bedroom rental has risen just 6 per cent to $550 a week? Why have rents not kept up with prices in a market short of housing and facing a migration boom? The numbers look even more extreme going back to 2007. Auckland’s median house price has risen 38 per cent since then, while rents rose just 15 per cent. Surely the laws of supply and demand say rents should be rising much faster? Rents and prices are rising at similarly high rates in Christchurch, which does face supply shortages and demand from workers receiving higher...

House Sales Show Big Drop

It seems things are finally starting to slow down in the Auckland property market according to some commentators. The article House sales show big drop in ‘perfect storm’ suggests a perfect storm of interest rate hikes, lending restrictions and inclement weather is being blamed for a slump in house sales. Volumes and loan approvals are down 15 to 20 per cent on last year, according to QV data out yesterday. Andrea Rush, QV spokesperson, said the decline had hit new and existing loan approvals nationally and economists watched these trends closely. Bruce Patten, mortgage adviser with LoanMarket in Highland Park, also noticed the change but thinks it might not last. “This last month has been considerably quieter than any time in the last 18 months. The loan-to-value ratios are biting, interest rates going up are having an impact and there’s the election. We’re seeing a more traditional winter, wet and cold. People just don’t go wandering into an open home because it’s sunny and fall in love with it because it’s sunny,” Mr Patten said. In another article the experts point out various hot spots that are starting to slow down. QV says Auckland property hot spots cooling  suggests Auckland’s property market “hot spots” could be starting to warm down, according to QV data out today, which cited changes in Waitakere, Flat Bush and Papakura. Bruce Wiggins, QV valuer, named these three areas, saying value rises in the latest data were less spectacular than they had been. “We are seeing a gradual reduction in the rate of growth in property values in some areas and more sellers opting to put...

Auckland House Woes Jam Economy

It’s not every day that I agree with Bernard Hickey how ever in his article  City house woes jam economy  I find myself on the same page and agreeing with his sentiment. Bernard talks about the “Not in My Backyard” push which is a powerful gravitational force in local politics and states ” That would all be fine if the only parties affected were local residents”. As he suggests though, this is not the case with Auckland. Figures recently released by the Real Estate Institute show house-price inflation in Auckland and Christchurch was responsible for more than 75 per cent of the country’s house price inflation in the past year… 75 per cent, that is astronomical and supports the claim we have been making for quite some time, yes things are booming in Auckland and Christchurch but New Zealand is made up of more than just 2 cities. The annoying result of this very narrow view was that The Reserve Bank imposed its speed limit on high loan-to-value-ratio (LVR) mortgages to reduce some risks to the financial system from an overvalued housing market and as demonstrated this is mostly Auckland in particular. The IMF’s warning that New Zealand’s house prices are 80 per cent above their long-term averages relative to rents is not because of the prices in Invercargill or Palmerston North and yet the restrictions are imposed across the country. The Reserve Bank has increased interest rates by 0.75 per cent and is likely to add another hike, in part because of the pressures on inflation from Auckland. First-home buyers and exporters across the nation are paying for the 23...

Just A Little Bit More

Developers Sneak In 3 More Stories In the article “Residents ready to revolt as 4 storeys become 7 “An Auckland developer has indicated he has council support for a seven-storey apartment building in a four-storey zone. If this proves to be true it could set a precedent for greater intensification across the city. The article suggests Greer Stephens has indicative support from council officers on his application for a seven-storey apartment building at Great North Rd in Grey Lynn based on the condition that the development was of a higher quality design. Originally the proposal was presented as a five-storey development with 20 apartments. The latest iteration is a seven-storey development with 30 apartments and this has caused an uproar amongst local residents as that exceeds the height restrictions by about 8m and is double the allowable floor size. Interest Rates Increase Meanwhile Kiwibank has raised its home loan and deposit interest rates. This is no surprise as less than a week ago the Reserve Bank of New Zealand lifted the official cash rate to 3.25 per cent, the third such rise since March. Kiwibank’s variable and revolving home loan interest rates will increase from 6.15 per cent to 6.40 per cent The Reserve Bank signalled in March it may hike the OCR by 200 basis points over two years and the monetary policy statement released last Thursday did nothing to moderate that view. What I’ve Been Saying For Years In a stroke of good sense some first home owners are renting in Auckland but buying   investment properties on the city’s outskirts or beyond which are more in their price...